Nature's Miracle Holding Inc. Launches EV Business in the United States and South America
Nature's Miracle Holding (NASDAQ: NMHI) announced that its subsidiary Hydroman will be renamed to Hydroman Electric as part of a strategic pivot into the EV market. The company will focus on marketing and distributing electric-powered agriculture and commercial vehicles across the United States and South America. This move aligns with their previous agreement with Robostreet to order approximately 150 electric trucks and represents their initiative to diversify into the electrification economy.
Nature's Miracle Holding (NASDAQ: NMHI) ha annunciato che la sua sussidiaria Hydroman sarà rinominata in Hydroman Electric come parte di una strategia di pivot verso il mercato dei veicoli elettrici. L'azienda si concentrerà sulla commercializzazione e distribuzione di veicoli elettrici per l'agricoltura e il commercio negli Stati Uniti e in Sud America. Questa mossa è in linea con il loro precedente accordo con Robostreet per ordinare circa 150 camion elettrici e rappresenta la loro iniziativa per diversificarsi nell'economia dell'elettrificazione.
Nature's Miracle Holding (NASDAQ: NMHI) anunció que su subsidiaria Hydroman cambiará su nombre a Hydroman Electric como parte de un giro estratégico hacia el mercado de vehículos eléctricos. La compañía se enfocará en comercializar y distribuir vehículos eléctricos para la agricultura y el comercio en los Estados Unidos y América del Sur. Este movimiento se alinea con su acuerdo previo con Robostreet para ordenar aproximadamente 150 camiones eléctricos y representa su iniciativa para diversificarse en la economía de electrificación.
네이처스 미라클 홀딩(NASDAQ: NMHI)은 자회사 하이드로맨의 이름을 하이드로맨 일렉트릭으로 변경한다고 발표했습니다. 이는 전기차 시장으로의 전략적 전환의 일환입니다. 이 회사는 미국과 남미 전역에서 전기 동력 농업 및 상업용 차량의 마케팅 및 유통에 집중할 것입니다. 이러한 움직임은 로보스트리트와의 이전 계약에 따라 약 150대의 전기 트럭을 주문하는 것과 일치하며, 전기화 경제로의 다각화를 위한 그들의 이니셔티브를 나타냅니다.
Nature's Miracle Holding (NASDAQ: NMHI) a annoncé que sa filiale Hydroman sera renommée Hydroman Electric dans le cadre d'un virage stratégique vers le marché des véhicules électriques. L'entreprise se concentrera sur la commercialisation et la distribution de véhicules électriques pour l'agriculture et le commerce aux États-Unis et en Amérique du Sud. Ce mouvement s'aligne avec leur accord précédent avec Robostreet pour commander environ 150 camions électriques et représente leur initiative de diversification dans l'économie de l'électrification.
Nature's Miracle Holding (NASDAQ: NMHI) hat angekündigt, dass ihre Tochtergesellschaft Hydroman in Hydroman Electric umbenannt wird, um eine strategische Neuausrichtung auf den Markt für Elektrofahrzeuge zu vollziehen. Das Unternehmen wird sich auf das Marketing und die Verteilung von elektrischen landwirtschaftlichen und gewerblichen Fahrzeugen in den Vereinigten Staaten und Südamerika konzentrieren. Dieser Schritt steht im Einklang mit ihrer vorherigen Vereinbarung mit Robostreet, etwa 150 elektrische Lkw zu bestellen, und repräsentiert ihre Initiative, sich in die Elektrifizierungseconomie zu diversifizieren.
- Strategic expansion into EV market diversifies revenue streams
- Secured order for approximately 150 electric trucks through Robostreet agreement
- Geographic expansion into United States and South America markets
- Significant pivot from core vertical farming business indicates potential execution risks
- Entry into highly competitive EV market with established players
Insights
This strategic pivot into EV distribution represents a significant diversification effort, though with considerable execution risks. The expansion from vertical farming into EV distribution lacks clear synergies beyond the agricultural vehicle focus. The initial order of 150 electric trucks through Robostreet provides a baseline for operations, but success will heavily depend on market penetration in both the U.S. and South American markets, where EV adoption faces infrastructure challenges.
The rebranding of Hydroman to Hydroman Electric signals a substantial shift in business focus, potentially diluting the company's core competencies in vertical farming. While the move into electrification could tap into growing sustainability trends, the company faces established competition and will need to demonstrate clear competitive advantages. The lack of specific financial projections or partnership details makes it difficult to quantify the potential impact on revenue streams.
Subsidiary Hydroman, Inc. to Become Hydroman Electric Corporation to Align with New Business
James Li, Chairman and CEO of Nature's Miracle, commented, "I am pleased to introduce Hydroman Electric's launch of our new business line to market and distribute EVs to the commercial and agriculture markets. We are encouraged that our business is adaptable to enter new business verticals that diversify our company. Our recent agreement with Robostreet expands our participation in the electrification economy as we cultivate a position in new revenue streams to increase value for all stakeholders."
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing equipment and services to growers in the Controlled Environment Agriculture ("CEA") industry which also includes vertical farming in
About Hydroman, Inc.
Hydroman is a subsidiary of Nature's Miracle and previously operated as a supplier of LED lighting equipment to indoor growers. It is currently based out of
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the effects of the coronavirus (COVID-19) and any future outbreaks on Nature's Miracle's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.
Contacts
George Yutuc
Chief Financial Officer
George.Yutuc@nature-miracle.com
MZ North America
Shannon Devine / Rory Rumore
Main: 203-741-8811
NMHI@mzgroup.us
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SOURCE Nature's Miracle Holding Inc.
FAQ
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